Friday, 15 April 2016

Another day, another new high

Despite slight cooling into the close, it was another day for the bull maniacs, with a new multi-month high of sp'2087, and Dow 17962. For the moment, even a minor retrace of 1-2% looks difficult, as the market grows in confidence that everything is just...... fine.


Dow, weekly


Little to add, on what was a largely tedious day.

Looking ahead

*overnight: China, GDP/production data, and that will clearly be important for early action in Asia/Europe

Friday will see Empire state manu', indust' prod', and consumer sent'.

It will be opex, so expect increasingly dynamic price action into the weekly close.

*Fed official Evans will be speaking at a JPM conf'.

Goodnight from London